Bitcoin traders target $100K and under as monthly close seals 11% gain

Bitcoin traders eye the weekly close for cues as to where BTC price action may be headed next — but sub-$100,000 levels are already on their radar.

Key points:

Bitcoin RSI data forms a bearish divergence, getting traders in position for lower levels next.

The May monthly candle close seals 11% gains, but the weekly close is the event on the radar for market participants.

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